806 Holly Ln BLDG 8 #806, Cedar Grove, NJ, 07009 | 6.63% Rental Yield

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806 Holly Ln BLDG 8 #806, Cedar Grove, NJ, 07009 | 6.63% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Cedar Grove at 806 Holly Ln BLDG 8 #806, Cedar Grove, NJ, 07009 earns from $3,840/mo rent with a $3,402/mo payment. Total monthly income totals $3,840/mo. ROI tracks 14.21% on current figures, and rental yield reads 6.63% at a $695,000 purchase. Equity gained on principal adds $4,485/yr, and 5% annual appreciation supports $192,016 over five years. Five-year ROI reaches 73.5% and total cumulative return in cash sums $168,054. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,840/mo property income instead of your personal income.

Townhouse

Built in 2004

0.50 Acres lot

$N/A/sqft

No HOA

More details about the property

This bright and spacious home enjoys one of the premier locations within the development and offers two generously sized bedrooms and two full bathrooms. The inviting living room features a cozy gas fireplace and opens to a private deck an ideal spot to unwind or enjoy your morning coffee.The eat-in kitchen seamlessly flows into a comfortable den, creating a warm and versatile space for daily living or entertaining. Elegant finishes include newer flooring and 9-foot ceilings.The primary suite is a peaceful retreat, complete with a large walk-in closet, private balcony with serene views, and a luxurious en-suite bath featuring a soaking tub, stall shower, and dual vanity. Recent updates include a newer furnace, AC, and water heater (2022).Additional highlights include in-unit laundry, a spacious private storage closet in the garage, and assigned underground parking for one vehicle with convenient elevator access and unassigned spots on first come first serve basis. There is also uncovered parking for a second vehicle and plenty of room for your guests. Electric vehicle charging stations are also available.Enjoy a variety of community amenities, including an outdoor pool, pickleball and tennis courts, bocce ball, a clubhouse with billiards, and a modern fitness center. Ideally located near major highways, shopping, and dining, this residence perfectly blends elegance, comfort, and convenience in a resort-style setting.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07009, Cedar Grove, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,456 (100%)
Owner Occupied HU	4,232 (77.6%)
Renter Occupied HU	906 (16.6%)
Vacant Housing Units	318 ( 5.8%)
Median Home Value	$649,113
Average Home Value	$719,298